How To Find Rental Comps
When finding rental comps in your market, you need to consider the following:- Proximity
- Similar Size/Amenities
- Similar Vintage
- Similar Unit Size
- Similar Renovations
Be careful of only using Rent/Sq Ft as a key performance indicator, because you need to consider the size of the units in your market.
Also be aware that Townhouses charge a premium over garden units.
Reach out to Mike at miket@randcre.com with any questions